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$198,000

NAL Estimated Property Value

5504 Jib Ln, Temple, TX, 76502

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,568 Sq Ft
price_per_sqft$111.61 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Refrigerator, Water Heater, Microwave, Range
FlooringCarpet, Vinyl

Exterior

Lot Size10,197 sqft

Building Information

Year Built2018
Stories1
Roof Type105

Land Information

APN109145
Lot Number57
SubdivisionLakeaire Section Ii
Land UseResidential
Legal DescriptionLAKEAIRE SECTION II, BLOCK 001, LOT 0057, MH LABEL# NTA1845550 SN1 L210305A
Census Tract020203
Assessed Land Value$30,897
Assessed Improvement Value$42,590
Assessment Year2025

About this property

Rare corner-lot opportunity featuring a professional-grade, 2-story detached workshop ($60k value) fully equipped with electrical, plumbing, and dual mini-split HVAC units. Perfect for a contractor, auto-restorer, or home-based business. The workshop’s plumbing is roughed-in and ready for your custom finish! The main 2BR/2BA residence features a durable metal roof ($10k), a massive $20k fenced yard, and a custom deck for outdoor living. 10kw Solar system with 10kw battery backup. Negotiable add-on at $25,000. Any Snowbirds, winter Texans or maybe California person need a place to store or park your RV OR just need a recreational temporary place to call 2nd home? This property is improved for your camper, needed electrical outlets and water supply. Financing Note: Seller is open to creative discussions. Perfect for cash buyers, 1031 exchange, or those seeking a "home + shop" package that typically costs thousands more to build from scratch. High-speed fiber ready for your remote office!

Investor Tools

Property Icon
$198,000
Estimated Property Value
$99,426Estimated Mortgage Balance
$98,574Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$131/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$577
$59,264
2025
$30,897
$42,590
$73,487
No

Tax History

Year
Tax Paid
Assessed Value
2024
$577
$59,264

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$100,750
No
First
Aug 27, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,426
$98,574
49%
50%
$605/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$605/mo
+$1,015/mo
9.8%

City: Temple

5504 Jib Ln | Property Details | No Agent List